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| Author: | Westhead, P. Howorth, C. Cowling, M. |
| Title: | Ownership and management issues in first generation and multi-generation family firms |
| Journal: | Entrepreneurship & Regional Development
2002 : JUL-SEP, VOL. 14:3, p. 247-270 |
| Index terms: | FAMILY FIRMS MANAGEMENT ANALYTICAL REVIEW SAMPLING |
| Language: | eng |
| Abstract: | A matched sample methodology was utilized to detect ownership and management differences between first generation and multi-generation independent unquoted family companies in the UK. Chief Executive Officers (CEOs) in first generation and multi-generation companies were generally drawn from the family owning the company. Both types of companies also had small management teams. Several statistically significant differences were detected. CEOs served longer apprenticeships in multi-generation rather than first generation companies. Multi-generation rather than first generation companies were more likely to employ managers drawn from the family owning the company. |
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